PROTIVITI MAKES THREE MAJOR HIRES TO FINANCIAL SERVICES PRACTICE

London - 6 November 2007

Protiviti Inc., a leading independent risk consulting firm, has made three high profile appointments to its growing Financial Services Industry (FSI) practice in London. Robert Nieves, Jonathan Jesty and Bernadine Reese all join Protiviti as directors, having previously held positions at a Big Four firm.

Bernadine, Rob and Jonathan bring with them a combined total of over 50 years’ experience of assisting financial sector clients resolve their operational and regulatory business risks. They all have extensive experience in the corporate and investment banking, private banking and investment management segments.

Bernadine and Jonathan will be focusing on expanding Protiviti’s growing European regulatory risk management practice, while Rob will be focusing on a range of operational and technology challenges his clients face.

The three hires follow the announcement in early October of Andrew Clinton’s appointment as Managing Director of Protiviti’s FSI practice in London.
Clinton said: “These appointments represent valuable additions to our financial services practice. Each of these individuals brings to Protiviti an impressive background along with skills and expertise that further bolster our capabilities to deliver world class consulting services to our clients.”

Protiviti is seeing increased demand from clients addressing the business risks and efficiency issues arising from the bedding in of MiFID and Basel II and the practical and operational challenges of the FSA’s ‘principles-based regulation’ agenda. The firm further expects regulatory developments from this year’s financial crises, the introduction of the third Money Laundering Directive, developments in payments regulation and Solvency II, to keep regulation high on clients’ agendas.

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